JPMorgan Chase & Co. Increases Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $54.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $52.00 to $54.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.02% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Citigroup reduced their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday. Oppenheimer lowered their target price on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday. Finally, UBS Group decreased their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.38.

Academy Sports and Outdoors Trading Up 1.7 %

NASDAQ ASO traded up $0.79 during trading on Friday, hitting $48.21. The stock had a trading volume of 867,728 shares, compared to its average volume of 1,557,677. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.35 billion, a PE ratio of 7.92, a PEG ratio of 1.02 and a beta of 1.25. The firm has a 50 day moving average price of $51.30 and a 200 day moving average price of $53.22. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. grew its holdings in shares of Academy Sports and Outdoors by 3.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock worth $378,000 after buying an additional 210 shares during the last quarter. Nichols & Pratt Advisers LLP MA grew its stake in shares of Academy Sports and Outdoors by 4.7% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock valued at $322,000 after purchasing an additional 250 shares during the last quarter. Xponance Inc. increased its holdings in shares of Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company’s stock valued at $283,000 after purchasing an additional 266 shares during the period. HighTower Advisors LLC grew its position in Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock valued at $324,000 after buying an additional 323 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after buying an additional 334 shares during the period.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.